www.toyota-boshoku.com/jp/news/_assets/upload/240426_2.pdf

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トヨタ紡織株式会社 個別業績の前期実績値との差異に関するお知らせ

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This document is a notification from Toyota Boshoku Corporation regarding the differences between the individual performance of the fiscal year ending March 2024 and the previous fiscal year. The sales increased from 705,346 million yen to 878,337 million yen, attributed to an increase in production due to the resolution of parts supply issues. However, operating profit, ordinary profit, and net profit decreased significantly, with operating profit dropping from 5,717 million yen to 1,988 million yen. This decline was due to increased expenses, costs related to strengthening the company's structure, and the impact of prior year's transfer pricing tax adjustments, despite the effects of increased production and changes in vehicle model composition.